vegasinc.com | December 13 - 19, 2015
Alon Las Vegas, a hotel project led by Australian businessman James Packer, is planned for the site of the old New Frontier on the Strip. (steve marcus/staff)
Real estate resurrection After years of relative inactivity amid the economic downturn, action is picking up in the valley By Eli Segall | Staff Writer
Las Vegas’ commercial real estate industry soared with the boom, collapsed with the bust, then was quiet for a few years. ¶ Today, business is picking up. ¶ Investors are building projects, signing leases and, to tenants’ dismay, raising rents. Buyers also are scooping up properties but not as often as they did a few years ago, when prices were lower. comm e rcial r e al estate , Continued on page 15
$126.5M 7.5% The exit fee Wynn Resorts, MGM Resorts International and Las Vegas Sands would have to pay, on top of additional fees, to end their contracts with NV Energy.
Anticipated increase in passengers at McCarran International Airport in the second quarter of 2016, according to aviation marketing officials.